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British Pound bounced at 144.730
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GBP/JPY: The British Pound failed at its 500 EMA at 145.850 in yesterdays trades and fell to 145.350 support. The pair continued its down run in the 60 minutes price chart during the overnight session and managed to find support at 144.475.To get more news about rofx, you can visit wikifx.com official website.
Our forecast
GBP/JPY: The Pound bounced at 144.730 support and drove prices up to 145.000 in today’s session. The pair has been floating around 145.000 resistance in the 60 minutes price chart for the past 12 hours and needed to break this barrier to continue to 145.350. The Pound could fall to 144.730 and 144.475 if it fails to continue at 145.000
Support/ Short-144.730, 144.475, and 144.150
Resistance/ Long – 145.000, 145.350, and 145.850
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Chart 1: The short-term view of the GBP/JPY price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points
Chart 2: The short-term view of the GBP/JPY price action in the four hours price chart highlights the direction of the trend and the support and resistance price points 5551570: LEO-Live – [GBPJPY,H4]XAU/USD: Gold prices bounced in yesterdays session at 1211.00 support in the 60 minutes price chart. The pair pierced through it 500 EMA at 1218.95 and reached 1226.00 before pulling back to its 500 EMA. Gold prices extended its run to the upside during the overnight session and reached 1229.00 before retreating to 1223.60 support in today’s session.
Our forecast
XAU/USD: Gold prices still hanging on to its position above 1223.60 support and needs to maintain at this course to re-test 1226.00 and 1229.00 resistance. Gold prices could retreat to 1221.65 and 1218.95 if it fails to remain above 1223.60 support.
USD/JPY retested near the 109.52-50 region, below which the pair is likely to slide further below the 109.00 handles towards testing its next support near the 108.75-70 region. On the flip side, the 109.60 horizontal level now seems to act as an immediate resistance, which if cleared might assist the pair to make a fresh attempt towards conquering the 110.00 handles.